(1)

Ļ¯ೇಷ ªಾಜÍ ಪĦÎೆ

PÀ£ÁðlPÀ «zsÁ£À¸À¨sÉ

ºÀ¢£ÁgÀ£ÉÃ «zsÁ£À¸À¨sÉ

DgÀ£ÉÃ C¢üªÉÃ±À£À

ಕකბಟಕ ෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃಯ ඛ๤ಧ (ൟൿ౪ಪല) เඒಯಕ, 2025

(2025gÀ «zsÁ£À¸À¨sÉAiÀÄ «zsÉÃAiÀÄPÀ ¸ÀASÉå-03)

ಕකბಟಕ ෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃಯ ඛ๤ಧ ಅඌඛಯಮ, 2004ඝ౬ ൟൿ౪ಪല

෥ಡฤ ಒಂൿ เඒಯಕ.

ಇย౵ ಇඝ౬෨ಂං ಉഴಬฆವ ಉං౪ೕಶಗัಛಜ ಕකბಟಕ ෦ൟ෦ೕคದ ಬല౥

เඌ๯เಃಯ ඛ๤ಧ ಅඌඛಯಮ, 2004 (2004ರ ಕකბಟಕ ಅඌඛಯಮ 14)ඝ౬ ൟൿ౪ಪല

෥ഴโൿ ෷ಕ౨฿ಜฆโದคಂದ ;

ಇൿ

ූರತ

ಗಣฃಜ౲ದ

ಎಪ౭൞౨ರඡ

ವಷბದย౵

ಕකბಟಕ

ฃಜ౲

เඋನ෱ಡಲൽಂದ ಈ ෨ಂൽඦ൤ ಅඌඛಯ෦ತ฿ಗย:-

1. ๸౾౹ಪ౨ ກಸฆ ಮൡ౨ ඩ౳ฏಭ.- (1) ಈ ಅඌඛಯಮವඝ౬ ಕකბಟಕ

෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃಯ ඛ๤ಧ (ൟൿ౪ಪല)

ಅඌඛಯಮ, 2025 ಎಂൿ

ಕฉಯತಕౙൿ౪.

(2) ಇൿ ಈ ಁಡว ೦คಡ ಬರತಕౙൿ౪.

2. ಪ౳ಕರಣ 3ರ ಪ౳ൟ෽ೕಜච.- (1) ಕකბಟಕ ෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃಯ

ඛ๤ಧ ಅඌඛಯಮ, 2004 (2004ರ ಕකბಟಕ ಅඌඛಯಮ 14)ರ (ಇย౵ ಇඝ౬෨ಂං ෩ಲ

ಅඌඛಯಮๅಂൿ

ಕฉಯมಜං)

3ඡ

ಪ౳ಕರಣದ

ಬದยಡ

ಈ

෨ಂൽನದඝ౬

ಪ౳ൟ෽ೕ೧ಸತಕౙൿ౪, ಎಂದฉ:-

¨sÁUÀ – 4ಎ

Part – IVA

2025

1946)

BENGALURU, WEDNESDAY, 05, MARCH, 2025

PHALGUNA , 14, SHAKAVARSHA, 1946)

. 130

No. 130

“3. ෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃ ಮൡ౨ ಬಲ๋ತದ ಕ౳ಮದ ಬಳಃಯ ඛ๤ಧ.-

(1) ෴ช ವ౲౾౨෸ ಆತඝ ඛೕലದ ෴โඃ ๬ಲದ ෬ว ෦ൟ෦ೕคದ ಬല౥ಯඝ౬

เඌಸತಕౙದ౪ಲ౵.

(2) ศ฿ඃเർರඝ ๬ಲಛರคಂದ ಹಣ ವ๰มൟಛಜ ಆತකಗย ಅಥ฿ ಆತನ

ಏ೬ಂಟರ ෩ಲಕ฿ಗย ಅಥ฿ ಆತನ ಀഖಂಬ ಸದಸ౲ರ ෩ಲಕ฿ಗย ෴โඃ ಇತರ

ಬಲ๋ತದ ಕ౳ಮವඝ౬ ಬಳಸತಕౙದ౪ಲ౵ ಮൡ౨ ಬಲ๋ತ ವ๰มൟಯ ෴โඃ

ಸ౷งಪ౽ౙಜ ಈ ಅඌඛಯಮದ ಉಪීಧಗಳല ඈಡචಡ ຄൕ෴ಗತಕౙൿ౪ ๻ಟ ಈ

ಅඌඛಯಮದ ෬ฉಡ ಉಪීඌಸมඈ൤ ಅಂಥ ศ฿ඃเർರನ ඣೕಂದ൐ಯඝ౬

ಅ෥ನൡ౨ಪലಸฤ

ಅಥ฿

ರൿ౪ಪലಸฤ

ඣೕಂದ൐

ඩ౳ඌ౽ค෷

ಅඌ౽ರโಳ౶ವකಜರತಕౙൿ౪.

เವರൕ: ಈ ಪ౳ಕರಣದ ಉං౪ೕಶಗัಛಜ, ศ฿ඃเർರನ ෩ಲಕ ๬ಲಛರರ

เฆದ౫ದ “ಬಲ๋ತದ ಕ౳ಮ”โ ಈ ෨ಂൽನโಗಳඝ౬ ಒಳತำ౶โൿ, ಎಂದฉ:-

(i) ๬ಲಛರರඝ౬ ಅಥ฿ ಆತನ/ಆಃಯ ಀഖಂಬ ಸದಸ౲คಡ ಒತ౨ಡವඝ౬ ๻ಀโൿ

ಅಥ฿ ತഷ෽ഴ౥โൿ ಅಥ฿ ๼ಂ๲ಯඝ౬ ಬಳ๯โൿ ಅಥ฿ ಅವ෥ඛ๯โൿ

ಅಥ฿ ෍ದค๯โൿ, ಅಥ฿

(ii)

๬ಲಛರನඝ౬,

ಆತನ/ಆಃಯ

ಀഖಂಬ

ಸದಸ౲ರඝ౬

ಸ౩ಳൽಂದ

ಸ౩ಳಃౙ

ඛฏತರ฿ಜ ๼ಂ෇ย๯โൿ ಅಥ฿ ಆತನ/ಆಃಯ ಒഷತನದ ಅಥ฿ ಬಳಃಯย౵ನ

෴โඃ ಸ౷ൟ౨ಡ ಮಧ౲ಪ౳ๆ๏๯โൿ ಅಥ฿ ಆತನ/ಆಃ෵ಂದ ౾ൡ౨ಆำ౶โൿ ಅಥ฿

෴โඃ ಅಂಥ ಸ౷ൟ౨ನ ಬಳಃಡ ಅല౥ಪല๯โൿ, ಅಥ฿

(iii) ๬ಲಛರඝ ฿ಸ฿ಜฆವ ಅಥ฿ ಃಲಸ ෥ഴൟ౨ฆವ ಅಥ฿ ವ౲ವ๻ರ

ನഷ๯ൟ౨ฆವ ಮච ಅಥ฿ ಇತರ ಸ౩ಳಃౙ ಬಲ๋ತದ ಕ౳ಮವඝ౬ ಅತำ౶ವ ಉං౪ೕಶൽಂದ

ಆಛಗ ෝഔ ඛೕഴโൿ ಅಥ฿ ෝഔ෴ಞ๋൤ ෥ഴโൿ, ಅಥ฿

(iv) ๬ಲಛರඛಡ ಹಣ ඩವൟಛಜ ಬಲ๋ತದ ಮൡ౨ ಅඝ೉ತ ಪ౳ූವವඝ౬ ಬಳ๭

෥ൡಕ൤ಡ/ಒ൞౨෵๯โದಃౙ ಌಸಜ ಅಥ฿ ຄರಞൟ౨ಡ ಅಥ฿ ෇ಹ౲ ಏ೬ඛ౺ಗಳ,

౾౳෦ನฯ ๼ನ౬ว෷ಳ౶ವರ ๳ๅಯඝ౬ ಬಳ๯โൿ, ಅಥ฿

(v)

ಸ౽ბರದ

෴โඃ

౽ಯბಕ౳ಮದലಯย౵

๬ಲಛರඛಡ

ಪ౳෽ೕಜನದ

ಹಀౙಗำಳ౶ ෴โඃ ದ๬౨ๆಜඝ౬ ๬ಲಛರඛಂದ ಬಲ๋ತ฿ಜ ಪഷ෷โൿ.”

3. ಪ౳ಕರಣ 4ರ ൟൿ౪ಪല.- ෩ಲ ಅඌඛಯಮದ 4ඡ ಪ౳ಕರಣದย౵,-

(ಎ) “෩ฆ ವಷბಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಹൡ౨ ವಷბಗಳವฉಡ” ಎಂಬ

ಪದಗಳඝ౬ ಪ౳ൟ෽ೕ೧ಸತಕౙൿ౪; ಮൡ౨

(෈) “෩ವൡ౨ ๬เರ งඩ෵ಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಐൿ ಲౘ

งඩ෵ಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪ౳ൟ෽ೕ೧ಸತಕౙൿ౪.

4. ຄಸ ಪ౳ಕರಣ 4ಎ ಮൡ౨ 4෈ಗಳ ๳ಪბഷ.- ෩ಲ ಅඌඛಯಮದ 4ඡ ಪ౳ಕರಣದ

ತฆ฿ಯ, ಈ ෨ಂൽನದඝ౬ ๳คಸತಕౙൿ౪, ಎಂದฉ:-

“4ಎ.

ඣೕಂದ൐ಯඝ౬

ರൿ౪ತั๯ವ

ಅಥ฿

ಅ෥ನൡ౨ತั๯ವ

ಅඌ౽ರ.-

(1) ඣೕಂದ൐ ඩ౳ඌ౽ค෷ ෴โඃ

ಸಮಯದย౵

ಸ౷൫ ಅಥ฿

๬ಲಛರඛಂದ

඀ฆ

๭౷ೕಕค๭ದ

෬ว

ಅಂಥ

ರದ౪ൟಛಜ

ย಍ತದย౵

๬ಕ๠ౣ

౽ರಣಗಳඝ౬ ඛೕലದ ತฆ฿ಯ ಮൡ౨ ಅದඝ౬ ಆย๭ದ ತฆ฿ಯ ศ฿ඃเർರನ

ඣೕಂದ൐ಯඝ౬ ರൿ౪ತัಸಬ๾ൿ ಅಥ฿ ರൿ౪ಪലಸฤ ๏මರ๯౺ ෥ಡಬ๾ൿ

๻ಟ ศ฿ඃเർರನඝ౬ ෴ವ ಅಂಶಗಳ ෬ว ෬ส౬ೕಟಃౙ ರൿ౪ತั๯ವ

ൟೕ෥ბನ

ಅತಳ౶มಜං෺ಂൿ

ൟั๯ವ

ඣೕഔೕ๯

ඛೕലದ

ຄರൡ

ಮൡ౨

ศ฿ඃเർರඛಡ ಅಂಥ ඣೕഔೕ๭ನ เฆದ౫ ಅಹ฿ಲඝ౬ ຂัಆำ౶ವ ๰ಕ౨

ಅವ౽ಶವඝ౬ ඛೕലದ ຄರൡ ඣೕಂದ൐ ರದ౪ൟಯ ಆඃಶವඝ౬ ຄರലಸತಕౙದ౪ಲ౵.

เವರൕ: ಉಪಪ౳ಕರಣ (1)ರ ಉං౪ೕಶಗัಛಜ ศ฿ඃเർರඝ, ಈ ಅඌඛಯಮದ

෴โඃ ಉಪීಧಗಳ ಉಲ౵ಂಘචಯ ಅಪฃಧ౽ౙಜನ ಅಪฃಧ ඛಣბಯโ ಅದರ

ඣೕಂದ൐ಯඝ౬

ಅ෥ನൡ౨ತัಸฤ

ಅಥ฿

ರൿ౪ತัಸฤ

๬ಕ๠ౣ

౽ರಣโಳ౶ർ౪ಜರತಕౙൿ౪.

(2) ඣೕಂದ൐ ඩ౳ඌ౽ค෷ (1)ඡ ಉಪಪ౳ಕರಣದല เೈರൕಯඝ౬ ෇౾෵ค๭,

ർಖยಸ෎౽ದ

๬ಕ๠ౣ

౽ರಣಗัಛಜ

ศ฿ඃเർರನ

ඣೕಂದ൐ಯඝ౬

ಅ෥ನൡ౨ಪലಸಬ๾ൿ.

4෈. ๬ಲ ඛೕലಃ ෥ನඈಡಗำ.- ಸ౽ბರโ ಅඌ๰ಚචಯ ෩ಲಕ

๬ಲඛೕലಃ

෥ನඈಡಗำ,

๸ಗ౳ಹൕ

ಮൡ౨

ವ๰มൟ

ಪದ౪ൟಗಳඝ౬

ඛൽბಷౣಪലಸಬ๾ൿ.”

ಉං౪ೕಶಗำ ಮൡ౨ ౽ರಣಗಳ ຂัಃ

ษ๲ඝ౺෷ಕ౨ ศ฿ඃเർರ ಮൡ౨ ษ๲ඝ౺ರ๼ತ ศ฿ඃเർರฆ ඛೕഴವ

ൿ෇ค ಬല౥ ದರಗಳ ಅඝ೉ತ ൧ಂದฉ ಮൡ౨ ಬಲ๋ತದ ವ๰มൟ เඋನಗัಂದ

ಆ൮ბಕ฿ಜ

ൿಬბಲ

ಞಂඬಗำ

ಮൡ౨

ವ౲౾౨ಗಳඝ౬

ರ౾౹๯โದ౽ౙಜ,

ಕකბಟಕ

෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃ ඛ๤ಧ ಅඌඛಯಮ, 2004 (2004ರ ಕකბಟಕ ಅඌඛಯಮ

14)ඝ౬ ൟൿ౪ಪല ෥ഴโൿ ಅವಶ౲ಕๅಂൿ ಪคಗ൐๭ං.

ಆದ౪คಂದ ಈ เඒಯಕ.

ಆ൮ბಕ ೦ౢಪನ ಪತ౳

ಪ౳๬౨เತ ๎ಸකತ౱ಕ ಕ౳ಮൽಂർಜ ෴โඃ ກ೉౞ನ ๅಚ౞โ ಉಂഓಞโൽಲ౵.

౽౲ತ౺ಂದ౳ ಎඨ. ฃಜಣ౧

ಂ๞ ෥ฆಕങౣಯඝ౬ ຄರൡಪല๭

ಸಹ౽ರ ෱ൟ౳

JA.PÉ. «±Á¯ÁQë

PÁAiÀÄðzÀ²ð

PÀ£ÁðlPÀ «zsÁ£À¸À¨sÉ

ಅඝීಧ

ಕකბಟಕ ෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃ ඛ๤ಧ ಅඌඛಯಮ, 2004ರ (2004ರ

ಕකბಟಕ ಅඌඛಯಮ 14) ಉದ౫ೃತ ූಗ

XXX

3. ෦ൟ෦ೕคದ ಬല౥ เඌ๯เಃಯ ඛ๤ಧ.- ෴่ಬ౯ ವ౲౾౨෸ ൞ඝ ඛೕലದ

෴โඃ ๬ಲದ ෬ว ෦ൟ෦ೕคದ ಬല౥ಯඝ౬ เඌಸತಕౙದ౪ಲ౵.

XXX

ඈಡ.-

ಕකბಟಕ

ศ฿ඃเಛರರ

ಅඌඛಯಮ,

1961ರย౵

ಏඡ

ಒಳತಂലದ౪ง, 3ඡ ಪ౳ಕರಣದ ಉಪීಧವඝ౬ ಉಲ౵ಂಫ๯ವ ಅಥ฿ ෴โඃ ๬ಲದ

ವ๰ยಛಜ ෴่ಬ౯ ๬ಲಛರನඝ౬ ඪೕല๯ವ ಅಥ฿ ඪೕല๯โದ౽ౙಜ ൿ๣౭იೕค๯ವ

෴่ಬ౯ ವ౲౾౨෷, ෩ฆ ವಷბಗಳವฉಡ เಸ౨คಸಬ๾ർದ ಅವඌಯ ౽ฃ฿ಸൽಂದ

ಮൡ౨ ෩ವൡ౨ ๬เರ งඩ෵ಗಳವฉಡ เಸ౨คಸಬ๾ർದ ೩ม౱ච෵ಂದ ಸಹ

ඈലತකಗತಕౙൿ౪.

XXX

KARNATAKA LEGISLATIVE ASSEMBLY

SIXTEENTH LEGISLATIVE ASSEMBLY

SIXTH SESSION

THE KARNATAKA PROHIBITION OF CHARGING EXORBITANT INTEREST

(AMENDMENT) BILL, 2025

(LA Bill No. 03 of 2025)

A Bill to amend the Karnataka Prohibition of Charging Exorbitant Interest

Act, 2004.

Whereas, it is expedient to amend the Karnataka Prohibition of Charging

Exorbitant Interest Act, 2004 (Karnataka Act 14 of 2004) for the purposes

hereinafter appearing;

Be it enacted by the Karnataka State Legislature in the seventy sixth year of

the Republic of India as follows:-

1. Short title, and commencement.- (1) This Act may be called the

Karnataka Prohibition of Charging Exorbitant Interest (Amendment) Act, 2025.

(2) It shall come into force at once.

2. Substitution of section 3.- For section 3 of the Karnataka Prohibition of

Charging Exorbitant Interest Act, 2004 (Karnataka Act 14 of 2004) (hereinafter

referred to as the Principal Act) the following shall be substituted, namely,-

“3. Prohibition of charging exorbitant interest and using coercive

action.- (1) No person shall charge exorbitant interest on any loan advanced by

him.

(2) Money Lender shall not use any coercive action either by himself or by his

agents or by his family members for recovery of money from the debtor and any

form of coercive recovery shall be liable for punishment under the provisions of this

Act and empower the Registering Authority to suspend or cancel the Registration

of such Money Lender as provided under the provisions of this Act.

Explanation: For the purposes of this section, "coercive Action" by a Money

Lender against the debtors include the following, namely:-

(i)

exerting pressure or obstructing or using violence to or insulting or

intimidating the debtor or his/her family members, or

(ii)

persistently following the debtor, his/her family member from place to

place or interfering with any property owned or used by him/her or

depriving him/her of, or hindering him/her in the use of any such

property, or

(iii) frequenting the house or other place where the debtor resides or

works, or carries on business, or happens to be, with an intension of

taking coercive action, or

(iv) using the service of private or outsource or external agencies, criminal

background to negotiate/urging the debtor to make payment using

coercive and undue influence, or

(v)

Seeking to take forcibly any document from the debtor which entitles

the debtor to a benefit under any Government programme.”

3. Amendment of section 4.- In section 4 of the Principal Act,-

(a) for the words “three years”, the words “ten years”, shall be substituted;

and

(b) for the words “thirty thousand rupees” the words “five lakh rupees”

shall be substituted.

4. Insertion of new section 4A and 4B.- After section 4 of the Principal

Act, the following shall be inserted namely,-

“4A. Power to cancel or suspend Registration.- (1) The Registering

Authority may, at any time, either suo-motu or upon receipt of complaint by a

debtor cancel or recommend to cancel the registration of a Money Lender after

hearing and after assigning sufficient reasons in writing for such cancellation and

no order of cancellation of the registration shall be passed without issuing notice

to the Money Lender intimating the facts upon which the prima-facie decision to

cancel the registration has been taken and Money Lender shall be afforded a

reasonable opportunity of being heard against such notice.

Explanation: For the purposes of sub-section (1), conviction of a Money

Lender for an offence of violation of any of the provisions of this Act shall be

sufficient cause for cancellation or recommend to cancellation of his registration.

(2) Pending enquiry under sub-section (1), the Registering Authority may, for

sufficient reasons to be recorded, suspend the registration, of a Money Lender.

4B. Lending Norms.- The Government may, by notification, specify the

lending norms, collection and recovery practices.”

STATEMENT OF OBJECTS AND REASONS

It is considered necessary to amend the Karnataka Prohibition of Charging

Exorbitant Interest Act, 2004 (Karnataka Act 14 of 2004) to protect economically

vulnerable groups and individuals from the undue hardship usurious interests

rates and coercive means of recovery by licensed pawn brokers and unlicensed

pawn brokers.

Hence, the Bill.

FINANCIAL MEMORANDUM

There is no extra expenditure involved in the proposed measure.

KYATHASANDRA N.RAJANNA

Minister for Co-operation

excluding Agriculture Marketing

M.K. VISHALAKSHI

Secretary

Karnataka Legislative Assembly

ANNEXURE

EXTRACT FROM THE KARNATAKA PROHIBITION OF CHARGING

EXORBITANT INTEREST ACT, 2004 (KARNATAKA ACT 14 OF 2004)

XXX

3. Prohibition of charging exorbitant interest.- No person shall charge

exorbitant interest on any loan advanced by him.

XXX

4. Penalty.- Notwithstanding anything contained in the Karnataka Money-

Lenders Act, 1961, whoever contravenes the provision of section 3 or molests or

abets the molestation of any debtor for recovery of any loan shall be punishable

with imprisonment for a term which may extend to three years and also with fine

which may extend to thirty thousand rupees.

XXX

XXX XXX

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Digitally signed by THAMMAIAH

DN: c=IN, st=Karnataka, 2.5.4.20=be54f34f4e31eae50203ca7fab5ceb3794f20a8460a2582ef28294d43b8f8b16, postalCode=560059, street=BANGALORE,

pseudonym=ca58c76cf7e2445d7a4f3f51407e025e, serialNumber=4d9b284dcc53d39f1425f50485de07dd86efa302a3fce3729eddea0c1b5098e0, ou=GOVERNMENT OF KARNATAKA,

o=GOVERNMENT OF KARNATAKA, cn=THAMMAIAH

Date: 2025.03.06 17:18:54 +05'30'